Oil heads for 3% weekly decline as supply risks ease
By Alex Lawler and Enes Tunagur LONDON (Reuters) -Oil prices fell on Friday, heading for a weekly drop of more than 3%, pressured by easing concern over supply risks from…
XAUUSD: Elliott Wave Analysis and Forecast for 29.11.24 – 06.12.24
The article covers the following subjects: Major Takeaways Main scenario: Consider short positions from corrections below the level of 2792.90 with a target of 2418.82 – 2304.21. A sell signal:…
WTI Crude Oil: Elliott Wave Analysis and Forecast for 29.11.24 – 06.12.24
The article covers the following subjects: Major Takeaways Main scenario: Consider short positions from corrections below the level of 72.50 with a target of 61.50 – 53.60. A sell signal:…
Big Mac Index: How the USD Affects Exchange Rates?
The Big Mac Index, introduced by The Economist in 1986, offers a unique way to gauge the value of currencies globally. By comparing the price of a Big Mac in…
USDJPY: Elliott Wave Analysis and Forecast for 29.11.24 – 06.12.24
The article covers the following subjects: Major Takeaways Main scenario: Consider short positions from corrections below the level of 156.75 with a target of 138.08 – 131.25. A sell signal:…
Morning bid: Bonds in vogue on Black Friday, yen pops
A look at the day ahead in U.S. and global markets from Mike Dolan While Americans have been feasting and preparing to shop, U.S. Treasuries have put in a decent…
Peso Is Not Afraid of U.S. Tariffs. Forecast as of 29.11.2024
Mexico has hinted that it is not afraid of a trade war with the U.S. However, its economy would suffer significantly from the 25% import tariffs imposed by the U.S.…
Oil faces uphill fight as demand woes, oversupply challenge OPEC efforts: Reuters poll
By Anmol Choubey and Brijesh Patel (Reuters) – Oil prices could stall in 2025 as economic weakness in China clouds the demand picture and ample global supplies outweigh support from…
GBPUSD: Elliott Wave Analysis and Forecast for 29.11.24 – 06.12.24
The article covers the following subjects: Major Takeaways Main scenario: Consider short positions from corrections below the level of 1.3040 with a target of 1.2240 – 1.1900. A sell signal:…
EURUSD: Elliott Wave Analysis and Forecast for 29.11.24 – 06.12.24
The article covers the following subjects: Major Takeaways Main scenario: After the correction ends, consider short positions below the level of 1.0703 with a target of 1.0193 – 1.0000. A…
